At a Glance
- Tasks: Lead tax accounting processes and ensure compliance across multiple jurisdictions.
- Company: Join Welltower, a leader in wellness-focused real estate and healthcare infrastructure.
- Benefits: Enjoy competitive salary, generous time off, and employee stock purchase options.
- Other info: Opportunity for professional growth in a fast-paced, ambitious culture.
- Why this job: Shape the future of healthcare infrastructure while working in a dynamic, collaborative environment.
- Qualifications: Strong experience in tax accounting with knowledge of IFRS, US GAAP, and REITs preferred.
The predicted salary is between 60000 - 80000 £ per year.
At Welltower, we’re transforming how the world thinks about senior living and wellness-focused real estate. As a global leader in residential wellness and healthcare infrastructure, we create vibrant, purpose-driven communities where housing, healthcare, and hospitality converge. Our culture is fast-paced, collaborative, and endlessly ambitious - guided by our mantra: The only easy day was yesterday. We’re looking for bold, independent thinkers who thrive on challenge, embrace complexity, and are driven to deliver long-term value.
We are seeking an experienced Tax Accounting Manager to lead the preparation, review, and reconciliation of tax provisions across a group of companies reporting under FRS 102, IFRS, and US GAAP. This role requires deep technical expertise in current and deferred tax accounting, book-tax differences, and cross-GAAP alignment, with a strong preference for candidates with REIT (Real Estate Investment Trust) experience. The role sits at the intersection of tax and financial reporting and will be responsible for ensuring accurate, compliant, and well-documented tax accounting across multiple jurisdictions and reporting frameworks. This role is 100% office based in our Central London office.
KEY RESPONSIBILITIES
- Tax Provision (Current & Deferred)
- Lead the monthly, quarterly and annual tax provision process under IAS 12 (IFRS), ASC 740 (US GAAP), FRS 102 Section 29.
- Prepare and review current tax calculations (including uncertain tax positions where applicable), deferred tax calculations on temporary differences, effective tax rate (ETR) reconciliations and analysis.
- Ensure consistency and accuracy across entities reporting under different GAAPs.
- Deferred Tax & Temporary Differences
- Maintain and review detailed deferred tax schedules, including identification and tracking of temporary differences, recognition and measurement of deferred tax assets (DTAs) and liabilities (DTLs), assessment of recoverability of DTAs.
- Monitor and document changes in tax rates and legislation impacting deferred tax balances.
- Ensure proper treatment of investment properties, leases, financing structures and intercompany balances.
- Book-Tax Differences
- Identify, track, and reconcile permanent and temporary book-tax differences across all reporting frameworks.
- Maintain detailed tax basis balance sheets and reconcile to financial reporting bases.
- Analyse key drivers of differences such as fair value adjustments, revenue recognition differences, capital allowances vs depreciation, impairments and provisions.
- Provide clear documentation supporting tax positions and audit trails.
- Multi-GAAP Analysis & GAAP Differences
- Act as the internal expert on differences between IFRS, US GAAP, and FRS 102 for tax accounting.
- Prepare GAAP bridge analyses explaining differences in tax balances and ETR across reporting frameworks.
- Support group reporting with consolidation adjustments and alignment entries.
- REIT-Specific Tax Considerations (Preferred)
- Apply knowledge of REIT tax regimes, including distribution requirements and their impact on taxable income, property income vs non-qualifying income streams, deferred tax implications of property revaluations.
- Support structuring and compliance considerations for REIT entities.
- Liaise with advisors on REIT-specific tax matters.
- Controls, Compliance & Audit
- Ensure robust internal controls over tax accounting processes.
- Own documentation for SOX or equivalent controls (if applicable).
- Act as key contact for external auditors on tax accounting matters.
- Review tax disclosures in financial statements across all GAAPs.
- Stakeholder Management
- Partner with financial reporting teams, local finance teams across jurisdictions, and external tax advisors.
- Provide technical guidance and training on tax accounting topics.
- Support tax planning initiatives with accounting impact analysis.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
TRAVEL
Some out-of-area and overnight travel may be expected.
MINIMUM REQUIREMENTS
- Strong experience in tax accounting under at least two of the following: IFRS, US GAAP, FRS 102 is required.
- Deep knowledge of deferred tax accounting, tax provisions and ETR analysis, book-tax difference analysis.
- Experience preparing or reviewing multi-entity, multi-jurisdiction tax provisions is required.
- Proven ability to reconcile tax balances across different GAAP frameworks is required.
- REIT experience or real estate sector exposure strongly preferred.
- Experience with fair value accounting impacts on tax strongly preferred.
- Familiarity with cross-border structures and intercompany tax issues strongly preferred.
- Experience with tax reporting tools (e.g., OneSource OTP) strongly preferred.
- ACA / ACCA / CTA / CPA (or equivalent) 5-8+ years of relevant experience (public accounting or in-house tax function).
WHAT WE OFFER
- Competitive Base Salary + Annual Bonus.
- Generous Paid Time Off and Holidays.
- Employee Stock Purchase Program - purchase shares at a 15% discount.
- Pension Scheme + Profit Sharing Program.
- Comprehensive and progressive Medical/Dental/Vision options.
- Professional Growth And much more!
ABOUT WELLTOWER
Welltower Inc. (NYSE: WELL) an S&P 500 company, is the world's preeminent residential wellness and healthcare infrastructure company. Our portfolio of 1,500+ Seniors and Wellness Housing communities is positioned at the intersection of housing, healthcare, and hospitality, creating vibrant communities for mature renters and older adults in the United States, United Kingdom, and Canada.
Tax Accounting Manager employer: HCN UK Management Services Ltd
Welltower is an exceptional employer that fosters a dynamic and collaborative work environment in the heart of Central London. With a strong commitment to employee growth, we offer competitive salaries, generous benefits, and opportunities for professional development, all while empowering our team members to innovate and lead. Join us in shaping the future of healthcare infrastructure and enjoy the unique advantage of working within a purpose-driven community focused on wellness and real estate.
Contact Details:
HCN UK Management Services Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Tax Accounting Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about letting people know you’re on the hunt for a Tax Accounting Manager role. You never know who might have the inside scoop on an opportunity!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can confidently discuss current and deferred tax accounting, as well as the nuances of IFRS, US GAAP, and FRS 102. We want you to shine when it comes to those tricky questions!
✨Tip Number 3
Showcase your REIT experience! If you’ve got it, flaunt it. Be ready to discuss how your background aligns with Welltower’s focus on residential wellness and healthcare infrastructure. This will set you apart from the crowd.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our ambitious team at Welltower.
We think you need these skills to ace Tax Accounting Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Tax Accounting Manager role. Highlight your experience with IFRS, US GAAP, and FRS 102, and don’t forget to mention any REIT experience you have. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about tax accounting and how you can contribute to our mission at Welltower. Be bold and show us your personality – we love independent thinkers!
Showcase Your Technical Expertise:In your application, make sure to showcase your deep technical expertise in current and deferred tax accounting. Mention specific examples of how you've handled complex tax provisions or reconciliations in the past. We’re looking for someone who can hit the ground running!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at Welltower. We can’t wait to hear from you!
How to prepare for a job interview at HCN UK Management Services Ltd
✨Know Your Tax Accounting Inside Out
Make sure you brush up on your knowledge of tax accounting principles, especially around IFRS, US GAAP, and FRS 102. Be prepared to discuss specific examples of how you've handled current and deferred tax provisions in previous roles.
✨Showcase Your REIT Experience
If you have experience with Real Estate Investment Trusts, highlight it! Discuss how you've navigated the complexities of REIT tax regimes and any challenges you've faced. This will show that you understand the unique aspects of the role.
✨Prepare for Multi-GAAP Discussions
Since this role involves working across different GAAP frameworks, be ready to explain how you've reconciled tax balances and managed book-tax differences in the past. Use clear examples to demonstrate your expertise.
✨Engage with Stakeholders
Think about how you've partnered with financial reporting teams and external advisors in your previous roles. Be ready to share specific instances where your collaboration led to successful outcomes, as stakeholder management is key in this position.